Receivables factored with recourse.

This topic has 1 reply, 2 voices, and was last updated 9 years ago by MikeLittle.

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March 3, 2017 at 10:29 pm #375385
hemraj123
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Sir, will receivables which are factored with recourse shown in SOFP as a loan from factor? or a deferred income?

Thanks
March 4, 2017 at 6:23 am #375421
MikeLittle
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Show the amount as a loan (how could it be deferred income?)
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